Birddog Technology Ltd. (AU:BDT) has released an update.
Birddog Technology Ltd. faced a challenging FY24 with results below expectations due to a series of external and internal factors, including a significant supply disruption that led to a net loss of $16.9m. Despite the difficulties, the company underwent an intensive restructure, reduced overheads by over $3.0m, and bought back 16.3% of its issued capital. The year ended on a positive note with the launch of new next-generation cameras and the strongest revenue month since FY22, indicating a comeback with a well-capitalized position and a $16.5m cash reserve.
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